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Bitcoin exchange OKX has suspended operations and delisted perpetual contracts and margin trading with LUNA and the Terra ecosystem-related DeFi protocols Anchor (ANC) and Mirror (MIR) from the list of traded instruments.
#OKX to delist margin trading, savings and perpetual for $LUNA, $ANC and $MIR.
— OKX (@okx) May 13, 2022
The platform will also delist UST-denominated Bitcoin, Ethereum, Avanalche (AVAX), Solana (SOL) and Terra (LUNA) pairs.
OKX will terminate the $UST trading market at 10:00 am, May 13 (UTC), and the following trading pairs will be delisted:
◾️BTC/UST
◾️ETH/USD
◾️LUNA/UST
◾️SOL/UST
◾️AVAX/USTRead more: https://t.co/mvJk9tSrPk
— OKX (@okx) May 13, 2022
“After the collapse of UST, we are seeing an outflow of investment from DeFi protocols. The reality is that centralized exchanges provide a much higher level of user protection,” OKX CEO Lennix Lai told CoinDesk.
On May 12, Binance delisted LUNA perpetual contracts settled in the underlying asset.
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Source: Cryptocurrency
